> Otherwise this digital dollar is nothing more than a cheap marketing trick to counter the rise of crypto. Even if banks continue to exist as they are, there

> Otherwise this digital dollar is nothing more than a cheap marketing trick to counter the rise of crypto. Even if banks continue to exist as they are, there is one meaty impact that a purely digital dollar would create: it would allow the Fed to implement negative interest rates without creating a flight to cash[0]. I'm not sure if that's good or bad thing, but it seems more impactful than branding a bank account "Americoins". [0] https://scholar.harvard.edu/files/rogoff/files/dealing_with_monetary_paralysis_at_the_zero_bound.pdf https://scholar.harvard.edu/files/rogoff/files/dealing_with_...